How To Register A Business Enterprise In Nigeria
Pick a business name.
How to register a business enterprise in nigeria. This means you have to take your. This is because it has to be unique catchy and salesy. An individual can register a business name online himself or herself at the cac s portal because of its less formality and a lawyer may also be hired to carry out the registration especially where the business involves more than one proprietor and a partnership deed stipulating the agreements between partners or proprietors required to be drafted and duly filed with the cac. You will apply to the corporate affairs commission cac and suggest two alternate names for your business. To register a business name for a sole proprietorship business all you have to do is walk to the cac offices located across the states and register your desired business name.
You also have to ensure that the name you pick is related to the products service your business will be dealing in. Just walk into the place and obtain the cac form 1 for n200. To register a business name in nigeria the following are the steps to take. To register llc in nigeria visit the cac office nearest your state of residence and request for name reservation or name availability check. One person can register a business and be the sole proprietor succession since the company will be a legal person entitled to sue and be sued own property and corporate seal it can outlive its members as shares are transferrable though with some measure of restriction for a limited liability company llc.
There is something that feelsillegitimate about an unregistered business. You can start your business name registration process online also. Well i can t quote a price here because of the ever changing policy of the cac. What if i need to set up an online business like a directory sorta like a 411 yellow pages kind of business about nigeria but physically located in a different country does this still apply as i don t mind registering the business to prevent any legal issues in the future. Although the business enterprise or company registration can be done online the original copies of the documents used for the registration must be submitted to the cac before the certificate of incorporation can be given to you or your representative.
Choosing a name for your business is vital and can be quite difficult. Now you may want to know how much it cost to register a business name in nigeria. Before you register your business or company in nigeria you have to check the cost. The agency in charge of business name registration in nigeria is the corporate affairs commission cac. Steps to register a business in nigeria step 1.
The c a c permits you to register your business either as a sole proprietorship a private limited company incorporated trustee or unlimited company.